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Registered Representative Salary

For Registered Representatives, yearly average wages total $41K annually. Job satisfaction is reported as high by the vast majority of workers. Women Registered Representatives who took the survey just slightly outnumber men. A strong majority report receiving medical coverage from their employers and the greater part collect dental insurance. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$32,157 - $69,926
(Median)
$32K
$41K
$70K
MEDIAN: $40,918
10%
50%
90%

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$12.26 - $22.15
(Median)
$12
$17
$22
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Salary
$32,157 - $69,926  
   
Bonus
$970 - $10,040  
Commission
$-0.50 - $297,988  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,180 - $69,634  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 102
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$12.26 - $22.15  
   
Overtime
$20.56 - $31.22  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$970 - $10,040  
   
Commission
$-0.50 - $297,988  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,180 - $69,634  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 22
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Job Description for Registered Representative

Managing investments and securities exchanges is a complicated and byzantine process. There are many rules that must be followed closely and the entire process is overseen by huge government bureaucracies, and this is why most people hire brokers to do their business for them. "Registered representative" is a very literal job title: commonly known as "stockbrokers," they are licensed by the United States Securities and Exchange Commission, as well as self-regulatory agencies such as the New York Stock Exchange, to represent their clients in the purchase, sale, and management of securities.

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Pay by Experience Level for Registered Representative

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Registered Representatives, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Workers with less than five years' experience earn around $41K on average, and those who have five to 10 years under their belts see a higher median salary of $50K. People with 10 to 20 years of experience make an average of about $56K in this role. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $72K.

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Experience Affects Registered Representative Salaries

Late-Career
up arrow 62%

Experienced
up arrow 26%

Mid-Career
up arrow 13%

National Average
$44,000

Entry-Level
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 19 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
4%
1-4 years
55%
5-9 years
20%
10-19 years
14%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 69%
vision benefits Vision: 57% employee benefits None: 16%
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